• Gain a brief overview of current emission regulations and how possible changes in this could benefit nuclear
• Review the current regulations associated with getting your nuclear project started
• Understand the economic benefits behind new nuclear construction
• Take a look at the market impact of new build in the USA
• Understanding the demand for electricity – future needs for natural gas over nuclear?

Bruce Lacy, Principal, Lacy Consulting Group

• Look at the current carbon emission system and how your new build projects could benefit from a change in policy
• Hear about regulations regarding US energy and environmental policies and potential changes in the future
• Understand the impacts of what governmental policy changes could have on financing for your new builds

J. Alan Beamon, Director, Coal and Electric Power Division, US Energy Information Administration

• Going forward, what improvements can be made to expedite the new build process
• Project schedule for finalising the build process: looking at the first part with the NRC
• Financing for contracts, equipment, starting construction
• Learn how to achieve a COL and advance with your nuclear projects
• Perspective of where we are with licensing schedules and deliverables – how can we improve/streamline this process

Senior Representative, NRC

Uncovering the Hidden Value of Nuclear Power Investments

• What is real options analysis and why is it different than traditional DCF investment analysis?
• Why ROA is more appropriate for nuclear power investments than traditional methodology
• Where has ROA been applied in the nuclear industry?
• What are the issues surrounding the use of ROA for the nuclear industry?

Moderator: Tom Retson, President, EnergyPath Corporation

Panelists: Robert Graber, Chief Economic Officer, EnergyPath Corporation

KEY NOTE PRESENTATION

DOE loan guarantee update

• Learn about the application process and attributes of a strong application
• Challenges the nuclear industry faces as they apply to the program
• How to work best with the DOE and ensure you are on the right path to close a loan guarantee

Jonathan Silver, Executive Director of Loan Guarantee Program, Department Of Energy

Case Study: Securing a DOE Loan at Vogtle Units 3&4 

• Understand the process of applying for the DOE loan guarantee
• Hear how to work with the DOE to secure investment
• Hear lessons learned first hand from the first site to receive the loan guarantee
• Understand potential pitfalls when filing for the DOE loan program

Earl Long, Assistant Treasurer, Southern Company

John T. W. Mercer, Chairman and Founding Principal, Mercer Thompson LLC

1st Wave Analysis: Understanding the loan guarantee process

• Identify the development and financing challenges associated with nuclear projects
• Gain a full understanding of the financing process that was used in order to reach the loan guarantee shortlist
• Hear about key strategies that can be used for improving prospects of financing nuclear projects to help ensure the future of your nuclear projects
• Learn about the critical drivers of value and risk to the cost, schedule and economic value of new nuclear plants

• Analyze the costs associated with permits and licenses
• Understand the financial implications of the Limited Work Authorization (LWA), Early Site Permit (ESP) as well as achieving a Construction Operating License (COL)
• Learn how best to manage your finances whilst securing your permits and licenses

W. Kenneth Hughey, VP, Nuclear Business Development, Entergy

• Gain an understanding of how initial investments will filter through the supply chain
• Hear about future spending activities and how this will help to expand the supply chain and make it more competitive

• Take a look at the interest in new reactor designs and how they could possibly aid your future projects
• Discussion on potential draw backs include prototype design difficulties and licensing problems

Jack Bailey, Vice President, Nuclear Generation Development, Tennessee Valley Authority

• How to work best with foreign investors to help secure funding for your projects

Moderator: Janet Gorn, Senior Foreign Affairs Officer, US Department of State

Panelists: Ashok Pasricha, Senior Technical Advisor, Export-Import Bank of the United States

Marc Murcia, Director States Guarantees Department, COFACE

Yoshiaki Ushijima, Director for Nuclear Affairs - Washington DC Representative Office, JBIC

• Understand the importance of working with your contractors to help secure export finance
• Hear from a leading technology provider on strategies to secure further investment and ensure your nuclear project goes ahead

Michael Higgins, Director of Project Finance, AREVA

• Hear how foreign investment can be secured to ensure your planned project goes ahead
• Gain an understanding as to why foreign companies are looking to invest in the US market

• Learn about the DOE’s restrictions on sharing design information with foreign nationals who work within or outside the country
• Learn about the potential criminal and civil penalties for non-compliance and how they could effect your finances
• Understand the legalities surrounding export controls and the effects this may have on your new project finances

• What can you do to make your project more appealing for private investment
• Hear examples of what you can do in order to make your project a more viable investment

Moderator: Paul Murphy, Global Project Finance Group, Milbank

Panelists: Jonathan Rose, Executive Director, UBS Investment Bank

Daniel Mallo, Managing Director, Project and Structured Finance – Energy, Societe Generale

• Understand the importance of guarantees and how this will influence potential investors
• Hear about corporate credits and how they can aid your future nuclear projects
• How to secure private investment – what do you need to do?

• Understand the risks associated with new nuclear projects and learn how to manage them early in the process
• Hear examples of how to avert potential risks and look at examples of actual project lessons learned
• Understand the importance of mitigating potential risks in order to assure successful project delivery

Ingmar Sterzing, Director, Risk Management, Westinghouse

• Learn how to effectively manage your finances to ensure your new build project runs on time and on budget
• Hear about strategies currently in place that are helping utilities to manage their finances more effectively

• How to manage your resources through resource plans and create a solid forward strategy
• Gain a good understanding of project monitoring to avoid costly overruns

Panelists: Nathan Skop, Commissioner, Florida Public Service Commission

Edward Finley, Chairman, North Carolina Utilities Commission

Understand the importance of:

• Cost
• Management
• Payment allocation
• Risk allocation

Dale Lloyd, Project Support Director, Vogtle 3 and 4, Southern Nuclear

• Pricing structure
• Schedule guarantees
• Performance guarantees
• Credit Support
• Joint/ Separate liabilities – where do liabilities lie
• Change in price/schedule after the agreement
• Breaches of contract

Moderator: John Lamberski, Principal, Mercer Thompson LLC

Panelists: TBC